ASL Marine Gowing Strong

Sunday, November 15, 2009

If there is a slowing in the marine industries no one told the people at ASL Marine in Singapore. Among other projects the shipyard is building a series of Roto Tugs, a series of large PSVs and a 196.8-ft dive support vessel.

In November ASL was nearing completion of another in their series of diesel-electric emergency vessels for the Danish firm Esvagt. These red boats are equipped with five Cummins KTA19D powered 485 kW generators.

This series of vessels carry C-names. Earlier vessels included the Esvagt Carina, Cassipeta, Carpathia, Champion, Caroline, Contender, Cobra and Castor. On her raised fossle the new vessel carries the name Esvagt Capri in readiness for her official naming ceremony.

5. Wilson, Sons 3Q 2009 Results
Wilson Sons Limited announced its results for the Third Quarter of 2009 and for the nine-month period ending on September 30, 2009.

Highlights:
As Brazil's domestic economy continued to move towards recovery, Wilson, Sons' consolidated results improved in Q3 2009, impacted by moderate business volume recovery and positive growth in its key figures.

For the first time, consolidated EBITDA results for the first nine months of the year exceeded the USD 100 million level. Overall, solid performance in the offshore business, volume growth at port terminals, higher participation of special operations in towage revenues, logistics' strategy towards more value-added projects and cost savings, revenue growth at Brasco.

Costs and Expenses declined in the period, mostly from lower raw material costs, given a decrease in fuel and operating material costs; and a decline in other operating expenses, mostly from lower freight volumes.

Capex almost doubled, especially from ongoing investments in fleet expansion/renewal, as well as new equipment for a start-up operation in the logistics business.

(www.wilsonsons.com)